GulfSlope Energy Inc (GSPE)

[smith199]

I’m nearly 100% certain that GOM exploration drilling will see a sustained uptick …

Agreed. The 10 year energy forecasts anticipate better than average OCS GOM production starting as early as 2023. Big Oil needs to lead the way in the GOM so smaller firms can follow suit (Gulfslope Energy).

Chevron has allocated $2 billion for the GOM and increased their ‘total’ 2023 capital spending by 25%. Exxon follows by saying it will raise it’s 2023 capital spending by around 10%, to between $23 billion and $25 billion.

The Net Zero Asset Manager initiative’s main focus is the de-carbonization of the western world, partially through the restriction of capital investments in fossil fuel projects (ESG).

We are seeing a ‘huge’ push-back against ESG policies by U.S. states, banks, and investment firms. On Thursday, Vanguard Group, who manages $7 trillion in investor assets, terminated it’s ties with the Net Zero Group. Vanguard has finally accepted how financially unproductive the restriction of the flow of capital is to the industry that will be providing the majority of the global energy.

It is no big surprise that the de-carbonization of the western world is not going as planned. Germany is already in the process of breaking their COP26 agreement to end funding for fossil fuels projects by 2022.

This just demonstrates that when a group of politicians gets together to virtue signal their support for an agenda they do not understand, the result is a population that will starve while freezing this winter. In the real world, where ‘the rubber hits the road’, you cannot have it both ways. So Germany will choose to feed their people and heat their homes, and the climate goals will be ignored.

The U.S. is one of the top producers of oil and natural gas in the world. Could the current shortages in production force the re-evaluation of the industry pause in exploration? Gulfslope Energy seems to believe so. And so do I. To not do so is unforgivable.




Mrs. Smith